Best of the Program ｜ Guest： Rep. Andy Barr ｜ 9⧸22⧸22
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Summary
Letitia James, the attorney general for New York City, joins us to talk about the left's war on air conditioning and why it's actually a good thing. We also have a special guest on the show, a woman who may or may not be a member of our own staff.
Transcript
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all right you sick twisted freak welcome to the thursday podcast man i got about half of what we
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had planned on today but it was all good eating um letitia james the attorney general for new york
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we kind of took that one apart uh and told you what was really going on also why stacy abrams
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and what she said about a heartbeat is so incredibly dangerous incredible hilarious but
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dangerous yes we have andy barr to talk to us about esg scores which also very very dangerous
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and the left's war on air conditioning just um an interesting position to take yeah no i mean
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americans love that they hate it oh yeah arizona yeah texas texas the entire south yeah yeah we
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hate air conditioning just like the northerners hate heat today's podcast brought to you by gold
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line tons of americans still don't know it's possible to use your retirement account to acquire
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precious metals uh that they could be saving up for retirement building a protective wall against
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inflation and other forms of economic insanity that pop up the fed we just discovered hid a report
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that likened our current situation and what they're doing with interest rates to a depression not
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recession depression it was just discovered and they said oh well what we didn't talk about because
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we disagree with it there's trouble coming gang i want you to call gold line find out if you can
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website goldline.com or just call them and tell them i sent you it's 866 gold line 866 gold line
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here's a podcast you're listening to the best of the glenbeck program
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steve bergeer who for some reason changed his name early on to stew welcome thank you glenn i
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appreciate that uh terrible telling of that story thank you appreciate it uh we also have in studio
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somebody that uh you know you've probably never seen before um uh ezra is with us she is our uh
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manager yeah yeah what no seriously what's your real social media coordinator coordinator okay so
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she coordinates our social media uh which apparently she told me today quote this has never been said
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meaning like like you look fat on tiktok yeah i look fat everywhere right you know that's what i thought
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not just tiktok instagram all of them yeah yeah so um you're streaming today on instagram and tiktok
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it's riveting it's riveting it's crazy and it will fill that void left by colonel sanders and captain
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kangaroo uh really so yeah will it you'll will it though yeah i'm pretty sure it does i'm pretty i'm
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pretty colonel sanders produced a lot of good for the country now chicken ezra you told me a minute ago
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that uh there's just a lot of mean-spirited things that are being said uh in the live
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uh in the live comments yes who would have known they're not very nice not very nice on the socials
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is it is it mainly fat or what is it or is it more nazi yeah what are they accusing them of today
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yeah um you are you're a nazi i'm a fat nazi you're a fat nazi and how dare you you know support
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republicans okay all right well that's good now is that on tiktok or is that on instagram that was on
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instagram that was on instagram tiktok must love me if that's instagram yeah they just love me okay
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you can follow it at uh at uh the instagram page for or tiktok page i don't i have no idea i have no
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idea just uh dial pound 150 and i think that'll i'm not anyway uh all right uh let me just dial down
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the middle yeah you know just do that you'll get there just keep trying these new complex things
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yeah i mean i thought it was exciting when we had a phone in the car um california has a moral
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obligation now according to governor newsom who is going to clean up in the 2024 election i mean
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right i mean he is one with the american people he has said that they have a moral obligation
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to ban diesel powered trucks to rectify which i think is a great word because it makes me think
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of rectal which makes me think of an ass which makes me think of gavin newsom anyway ban diesel trucks
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to rectify what global warming what do you think i would think global warming yeah right no decades of
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racist practices okay okay so they are going to ban uh medium and heavy duty trucks uh and they all
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have to be fully electric by 2035 now here's the good news those 17 states that just signed on with
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all of california's emission standards and everything else bet you're gonna have to do it too you didn't
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know about that in your state yeah you're now a slave to california who did that your governor and
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your legislators so bye-bye electric cars in virgin i mean gasoline cars in virginia bye-bye diesel trucks
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in virginia and other states i mean minnesota just stay in your house i mean really you get what like
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a week maybe where it's nice stay in your house well that's why they built bridges enclosed bridges
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all over minneapolis so you never have to walk outside tell you something about it that's true
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yeah i never what the first time i went there i was like they just built they just turned this
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entire city into a mall they did just walking from hotel to hotel yeah um now is it true that only
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white people can buy diesel is that accurate well yes in well most parts of texas but i don't know
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about california no here's the deal stew decades i'm quoting decades of racist and classist practices
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including redlining and sitting decisions have concentrated heavy-duty vehicle and freight
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activities in communities of color freight activities it's fascinating and it's not just color
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it's low income communities now i don't know why they didn't build our airports and our bus stations
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and our freight yards right in the middle of really nice suburbs i don't know i don't know wait a minute
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it could be because if they did that everybody who lived in those really nice suburbs would move
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away and then they would have to cut the high the price of the housing and so those would become low
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income neighborhoods i mean how racist are you you don't want to live next to the freeway
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my gosh what's next oh i can't sleep at night because of the roar of the jet engines
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my gosh you rich people make me sick oh i can't live by the bus station no no wow racists
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this guy's gonna be this guy's gonna be good for the country you know who else would be good
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if utah would just elect ellen mcmuffin uh running against uh running against mike lee
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ellen mcmuffin is really really good he was a cia agent uh i don't know if you know and i think
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what the country needs right now to repair trust is a cia agent in the senate you know um he uh he's he's
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running a lot of ads running a lot of ads now uh trying to monetize uh you know his campaign get
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somebody to somebody besides george soros and others like him uh to you know kick in on the
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ellen mcmuffin train and see if they can get him elected so he's he is doing some really good ads
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reminding everybody hey i was a spook and i think that's really good i think that's right in line with
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what americans want right now is another spook running around uh we wait a minute hang on just a
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second right now a spokesperson for the ellen mcmuffin campaign is joining us now hello glad
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how are you i'm i'm very good how are you uh first of all fantastic and i just wanted to thank you for
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your incredible consistent support for for evan and his campaign against extremist mike lee i know you've
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been you just of course said that there would be nothing better than to have a cia spook yeah in the
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senate oh yeah and uh i just wanted to thank you for your sure sure your support sure sure so um do
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i mean have you thought thought this through that maybe you know at a time when are you okay
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what are you really fat or i'm a fat man so i can ask that question uh no i'm in the excellent
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physical condition okay all right um anyway i was just wondering have you thought this through i mean
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the nsa the cia yeah all that they're i mean they're spying on americans oh yeah it's really
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corrupt right now i know you're right it's great you know we have been trying to highlight that part of
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uh evan mcmuffin's campaign that he was in the cia because of course it's something that we really
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need right now uh we need more spying on american citizens we of course have a platform that's
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very well defined and you know as a person who was in the cia imagine all the spying he could do if
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he was written the senate uh it would be much he would spy three four or five times as much and
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that's what i think really american people really uh won and that's why i think the voters of utah
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won and i think the voters of utah should understand what's at stake here this is very important election
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most poor election ever in history and stuff and it's important for the people of utah to know
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that we are watching we're watching what they do we're watching how they vote we're going to make
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sure that that they understand what's at stake here the globe is warming what do you hang on just a
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second um what do you mean that you're you're you're watching them and uh you you're gonna well
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uh i'm just saying you know that people should should watch what they do that's all what do
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you mean they should watch what they do i mean that all right every every action has a consequence i
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think you learn that when you're a child right and and if you know if you were to not vote for evan
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mcmullin you know we we would we would know about that you know about and and and there are consequences
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to to our actions see this is the kind of thing that i would think that people would kind of go
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wait a minute i don't think i want a cia guy you know in the senate well he'll he won't know if you
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didn't vote for him that's all we're saying is he like santa claus or does he have connections
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well again when you when santa claus knows uh if you've been good or bad he knows when you're
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sleeping he knows when you're awake right he also has half the information about you than evan mcdonald
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does so just think about okay look if you're a utah voter you want to vote for mike lee you could do
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that well that means people could also vote for against saddam hussein right you know who knows
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see this goes again uh ellen mcmuffin has been saying that mike lee is in so many words an
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extremist he is an extremist glenn he is an extremist yeah we've been looking into his activity
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you and wow this guy's extreme want to go out some examples of that yeah i would um you ever hear of
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a potato what you ever hear of a potato of a potato yes you know what mike lee does with them
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no he cuts them up into into little sticks and he fries them in boiling oil and then he applies
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it's called it's got it he applies a rock of some sort and small white crystals and then dips them
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in tomatoes and vinegar okay so so about chocolate so does mike lee eat it he does it he eats it and
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drinks it he drinks hot chocolate glenn it's extreme okay and by the way before i go i just
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wanted to thank you for your constant and continual support of evan mcmuffin your your endorsement here
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in utah has meant so much yeah i i haven't endorsed him and i just wanted to say well you haven't
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endorsed him that's true but you have helped our campaign quite a bit because you keep calling him
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ellen mcmuffin and we've done a lot of research on on evan mcmullen and we realized really nobody likes
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him that's one of the central things we've learned in our research really um but the best testing part
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of our entire campaign is that his name sounds like mcmuffin that's the only thing we can find
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that's positive people like that's mcmuffins well and they like ellen right so you're calling him
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ellen mcmuffin you are helping our campaign okay all right thank you very thank you very much
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you're listening to the best of the glenn beck program
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so stacy abrams says there's no such thing as a fetal heartbeat at six weeks
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that's weird because i know there's a fetal heartbeat on the on the uh sixth week the seventh
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week uh the eighth ninth tenth eleventh twelve all the way still heartbeat even now i still have a
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heartbeat it's weird it's not fetal but i still have a heartbeat so no such thing as a fetal heartbeat
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in six weeks not true says she now she says that this is a manufactured sound
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if you haven't heard a fetal heartbeat here is a fetal heartbeat from
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okay what is that sound what is that sound fetal heartbeat no no that is that is the sound you
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here at a cheap motel something's going on in the room up above listen to it again tell me i'm wrong
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that's what it is that's what it is and we put them into this magic box okay we just we go and we tape
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from seedy motels we tape the goings-on in other rooms we put it in this magic box and then just
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because we're trying to get rid of the hand sanitizer that uh that uh new york had that's
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all expired now that they bought with taxpayer money we take that sanitizer that's what it is
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they say it's a gel but you just wipe that all over a woman's belly and then you take the magic stick
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and on that magic stick when you position it right you hit a little switch
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and it makes the magic box play what you recorded at the motel
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that's science for you that's stacy abrams branded science really yeah it's mania i'm quoting it do we
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have do we have her actually saying this in audio here here she is
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wow wow uh you know i thought it was a big deal that she thought she was the governor
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um you know when she wasn't the governor and then she had this uh amazing turnaround where she said
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she never said that i thought that was kind of amazing this is for people who follow the science
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now i don't know if you follow the science but for people who follow the science i'm pretty sure
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that's not a manufactured sound i'm pretty sure what that is is a heartbeat now i'm only saying that
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because that's what science tells us uh and the evil magic box i don't know if i trust it well the
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the evil magic box was designed by men you know men who wanted to take i mean what was the quote
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that men have the it was a sound design to convince people that men have the right to take control of a
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woman's body amen what a weird see like what what a strange view of the world can i just tell you
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as a man as a man uh and you know let's say a dirtbag man the the the the worst side of me as a man
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if i'm if i'm getting women pregnant i have no desire to settle down yeah can i drive you there
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how can i pay for that abortion okay guys would be all in for that that is much better than having a
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child with a woman you were just sleeping with and you don't really want to have a relationship and
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then that kid comes knocking on your door going daddy men would rather have you have an abortion
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that's what makes sense to me how i'm trying to understand i'm trying to understand you think men
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if they designed the machine would make it sound like nothing because they want to be able to get
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out of whatever weird night they had last night i could be a cancerous growth i could be a cancer
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growth i may be a tumor i may be a tumor that's what it would say this is of course why so many
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on the left oppose the policy of having ultrasounds before the abortions yes because they know they'll
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hear the heartbeat they will see uh if if there's a you know the the scan to see they can see the
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movement they can see the baby formed when people are and it's 80 percent the mother is 80 percent
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more likely to have the baby than kill the baby if she hears the heartbeat they know this
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so that's why she's not discrediting men she's not just say i mean she's absolutely wrong about
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men we we did that so you would have children don't think so um so she's wrong about that but what
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is she doing she's discrediting the machine i mean in such a a neophyte way it's almost like
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well i was at this airport and i just had to tell them look at how heavy that thing is
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that's not going to be able to fly they're putting you into a hypnosis trap trance and they're saying
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they're flying you someplace you're not actually going anywhere they're putting a mind trick in
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so you think you went to your cleveland office i mean this really is we never went to the moon level
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it is it is right you can see you can see it on the video you can see the heart beating you can hear
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it this is what is going on it's you know it's a manufactured sound if you want to defend abortion
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go ahead and defend it defend what you're actually doing stop denying what what is reality that's all
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you have to do if this is such a great defensible policy then just come out and defend it but they
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never can you notice even after the dobbs thing they're not talking about abortion they're talking
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about well what if you have an ectopic pregnancy what if a woman has a miscarriage you can't get it
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removed like first of all that none of this it has anything to do with the laws passed on abortion
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but secondarily you notice how they can't go to the actual thing they say was so important i know
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they keep defending these other things that aren't true and are much are a much totally you know
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different process uh as we've been talking about but like if they really believe this was so
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defensible they might occasionally defend it that's why they were successful for a long time
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because they said look you don't want somebody else making decisions for the woman and for
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the people involved that's let the doctor and the woman figure this out and we pray or we hope
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that it is rare but it has to be safe and legal that's how they got you into the boat
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because that's how most people feel most people are not for abortion at the very end they're not
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but if if most people feel okay i don't know exactly when life begins i mean i think i do because the egg
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is alive and the sperm is alive so it is life when they join but you can argue about this back and forth
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most people feel like hey once it's you know kind of identifiably as a baby then we should kill it
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and they they would say i i hope that it doesn't happen but in cases of incest or rape or something
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like that then you know go ahead but it should be rare but it should also be safe and legal
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that was winning celebrate your abortions i've had 1800 abortions and i loved everyone i think it
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was my well it was my 300th that's when i'll always remember that was so great that i celebrated at the
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time i mean that's where they lose everybody and because they've celebrated their abortion and are
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losing regular people you can't put that genie back in the bottle what do they have to do they now
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have to take the insane step of discrediting medical machines and technology this is after
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two years by the way of them claiming the biggest scandal in the world was people saying the voting
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machines were hacked after they had previously said that voting machines were hacked in previous
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elections they lost uh do a search real quick on twitter social media is stacy abrams does she have
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a warning that this is miss or disinformation because this is important medical information right this is
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important medical information she's saying that ultrasounds are not real that the sound of the baby
00:25:19.960
is not real it's really what she's doing here this is what she's saying and this is a relatively
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recent thing from the left where they started calling it a flicker instead of a heartbeat remember
00:25:29.580
that whole thing the new york times just called it a flicker in a random article and we're like wait
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what a flicker it's been a heartbeat we've known it's a heartbeat it's one of the the most amazing
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moments of early pregnancy right you're there maybe your spouse is with you you hear the heartbeat for
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the first time it's an overwhelming emotional experience it is or it's created by men to control
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women or it's just a a a mechanical sound of some sort now this is this is honestly gang think this
00:26:01.020
through because this is where life gets very scary this is where you go to authoritarian rule and you can
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kill millions of people because you're truly now discrediting things that everyone knows is true
00:26:19.160
okay so if you disagree with it you can say that is an evil magic box that has made up sounds in it to
00:26:28.400
convince people if they will buy that you're at the salem witch trials you're at the salem witch trials
00:26:37.900
well if she doesn't float she wasn't a witch that's what you're looking at right now
00:26:45.960
and what's frightening is she can say this with a straight face and no one discredits her from her
00:26:56.460
own side no one is saying today you know i was for stacy abrams and then i heard that and that's just
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evil magic box stuff that's witchcraft what are you talking about what are you talking about i can't
00:27:07.860
support her and this this is a this a woman who is delusional and has dangerous thinking you know
00:27:14.680
we can't put her into a role of any kind of authority if she thinks this she really believes
00:27:21.100
this and if not she's just she doesn't care about lying nobody's saying that nobody's saying that on
00:27:27.340
the left not a soul you don't think that they can convince those people that you are a terrorist
00:27:38.920
because of the way you vote of course they can they're so emboldened right now she thinks she can
00:27:48.360
get away with saying this and people in the audience don't laugh at her or stand up in that
00:27:55.180
public setting and go come on everyone on the panel nods and not vigorous agreement their heads
00:28:01.380
you don't think they can convince half the country that you should be eliminated liquidated put into a
00:28:10.640
camp whatever authoritarians love to do i got a news for you i'd be saying the same exact thing
00:28:18.800
if people on the right were doing this we are headed towards dangerous dangerous times
00:28:27.080
we better wake up and stand together because this is a frightening it's hilarious but because people
00:28:37.440
are taking it seriously it is a terrifying statement the best of the glenbeck program
00:28:47.920
welcome to the glenbeck program uh i want to play something from yesterday that joe biden
00:29:07.420
said uh about taxes a global tax listen to this cut four
00:29:13.400
with partners in the americas africa europe and the middle east and the indo-pacific
00:29:22.220
we're working to build a new economic ecosystem well where every nation every nation gets a fair shot
00:29:29.740
and economic growth is resilient sustainable and shared that's why the united states is championed
00:29:36.860
global minimum tax and we will work stop you know what that means that means trapping every
00:29:45.380
business where they are no one can move and get a better deal someplace else that's what that means
00:29:53.100
um also the bankers all met uh with the uh house yesterday and um the um the oversight committee
00:30:06.320
for uh finance and banking regulations they uh they had uh one guy who i just i can't get enough of
00:30:15.440
um uh they had uh what what's his name from a jamie diamond from jp morgan chase and he said something
00:30:24.880
incredible he said no no we don't we're we're we're don't have any policies that we would stop funding
00:30:34.060
oil and gas really because esg kind of sounds like one congressman uh bar is with us now he's the
00:30:43.900
congressman andy bar from uh kentucky he was there did you ask jamie diamond to explain esg to you
00:30:52.000
hey glenn uh good to be on your program thank you yes uh we we wanted to make sure that we
00:31:00.000
talk to all of these leaders in finance about uh their policies and whether or not they were going
00:31:06.860
to cave into the the woke thinking on wall street and be bullied by the biden financial regulators
00:31:14.980
and politicize the allocation of capital or whether they were going to defend free enterprise
00:31:21.660
and the free flow of capital as it as it is supposed to be efficiently allocated based on supply and
00:31:28.480
demand for your listeners who don't know esg uh stands for environmental and social governance
00:31:35.700
which is a a trendy uh way in which the progressive left have weaponized uh the banking system
00:31:44.520
uh to discriminate against uh companies and causes that they don't like that are unfashionable
00:31:51.380
such as the fossil energy industry or the firearms manufacturing sector or or trans uh you know parents
00:32:00.960
you know that are speaking out against trans issues or you know that you're coca-cola you got to learn
00:32:07.220
to be not so white all of that stuff that's that's the s in esg exactly and this is a form of discriminatory
00:32:17.080
lending uh banks should uh be making lending decisions based on objective risk-based metrics not
00:32:25.340
the standards of woke corporate cancel culture and the biden administration has weaponized financial
00:32:32.220
regulators to steer investors into uh these esg funds uh and uh what the american people need to know is
00:32:41.920
that they may be unwittingly financing the agenda of the far left and the result for retail investors
00:32:49.220
glenn is that they are now invested in higher fee less diversified and lower return investments
00:32:58.320
uh and only 21 percent finra which is the self-regulatory organization for stockbrokers
00:33:04.620
in concert with the university of chicago they did a study a survey of retail investors in america
00:33:10.560
and only 21 percent of mom and pop investors saving for college saving for retirement counting on
00:33:17.980
financial performance in their 401k or their ira only 21 percent of americans even know what esg is
00:33:25.960
so there's a real disconnect between the institutional investors that the state pension funds the black
00:33:31.960
rocks and the vanguards the asset managers and wall street and some of these big banks and retail
00:33:37.320
investors but retail investors are actually the owners of the capital and many of these um progressives
00:33:45.360
on wall street have um have misallocated their capital in ways that that diminish returns
00:33:51.860
uh and advance uh political agendas ahead of uh financial returns so wasn't jamie diamond
00:33:58.560
lying when he said no we don't have any policies that would discriminate or or uh defund um
00:34:06.700
oil and and gas they are fully signed on to esg programs he even went as far in saying it would be an
00:34:15.820
absolute what did he say disaster or american nightmare if we stopped oil and gas well not all
00:34:23.860
of these banks or asset managers are are created equal to be fair some of them have more aggressive esg
00:34:30.460
policies than others i will say that um at least in the case of mr diamond uh that he wrote in a letter
00:34:39.440
to shareholders and i highlighted this in my questioning of him that we need a marshall plan for
00:34:44.960
u.s energy dominance to help ourselves and our allies to decrease our dependence on on russia for
00:34:52.160
example or foreign sources of energy and so he at least and his institution jp morgan chase they uh
00:34:59.240
admit that they will continue and they committed to continuing to finance oil natural gas i focused on
00:35:05.100
coal kentucky's a coal state 22 percent of america's electricity generation still comes from coal we're
00:35:11.280
going to need coal in the future just like we're going to need other fossil energy sources uh natural
00:35:16.560
gas and oil and he did commit at least to me that uh his institution would continue to finance fossil
00:35:24.740
energy and and we need to we we don't need to be bullied by climate alarmists non-investor stakeholders
00:35:30.720
or biden financial regulators to choke off financing or investment into american energy companies and and
00:35:37.880
yet that is what the esg movement is that they are uh they are um trying to implement their green new
00:35:44.080
deal their their their radical climate alarmism agenda through financial regulation and through
00:35:50.280
the financial system and this is uh absolutely compromising american energy dominance american energy
00:35:56.560
independence uh and we've we've literally gone glenn from a position of american energy dominance to
00:36:02.740
uh energy uh energy desperate in just two years under the the these biden policies in concert with
00:36:09.300
woke wall street we're about to do the same thing to farming yeah yeah exactly and so my argument is we
00:36:18.500
need more not less financing i mean we we talk about uh the biden war on energy uh you know canceling the
00:36:24.640
keystone xl pipeline canceling infrastructure projects holding up 4 400 drilling permits frustrating
00:36:30.500
uh the construction of new refineries all of that's true but ground zero in the biden war against
00:36:37.120
american energy and american energy independence and affordable reliable energy is the weaponization
00:36:43.100
of financial regulation because let's face it this is a capital intensive industry uh and uh investors
00:36:51.540
just will not allocate capital into this capital intensive industry unless they know that there's some
00:36:56.460
uncertainty with the regulation so um uh some of the other ceos i will say are not as uh are not as
00:37:05.880
open to financing energy and so we made it we made a big point about keeping politics out of the business of
00:37:14.360
banking be a bank don't don't be a don't be a political party okay so um we're talking to uh congressman
00:37:20.820
andy bar from kentucky he is on the house financial services uh committee and also member of the house
00:37:26.600
foreign affairs committee um let me uh let me ask you did you get to visa and mastercard and american express
00:37:36.840
with the with the new gun uh registration yes so one of my one of my colleagues uh congressman
00:37:46.900
williams from texas uh did press the uh the the bankers the bank ceos on this issue of course
00:37:53.580
uh this was uh this is a new merchant code for your listeners and and for those of us who believe the
00:38:00.700
second amendment is fundamental uh that they have created the banks didn't do this but the credit card
00:38:07.080
companies created a new merchant code for firearms and um and some banks have participated in pushing for
00:38:16.360
this and that the danger of this of course is that it allows for um woke banks who pursue this esg
00:38:24.700
agenda to discriminate against americans who are exercising uh their lawful second amendment rights
00:38:31.240
it is it is the concern is it is a way in which banks can um stop the financing of americans simply
00:38:39.900
exercising their rights um the bankers uh yesterday when asked about this question from congressman
00:38:46.940
williams they said look this was not our decision we just follow the rules but the truth is but the
00:38:52.220
truth is this is a of deep concern because it's another way in which the financial system is weaponized
00:39:00.600
to discriminate against americans who are simply exercising their rights but it was amalgamated bank
00:39:05.860
that was pushing for the change uh of the rules they were the ones who brought esg to america in the
00:39:12.720
first place strangely a union bank um and they're the ones who were pushing for this and and got it
00:39:20.080
changed so are they saying now we're held to some international banking standard and we can't do
00:39:25.340
anything about it yeah they are and i joined with several of my colleagues in writing a letter to that
00:39:31.320
bank and uh objecting to their uh their pushing of this to again politicize capital allocation
00:39:38.680
and politics should not be in banking it should be about uh you know objective factors is the borrower
00:39:46.840
credit worthy yeah uh is it based on sound underwriting does this borrower have the ability to repay
00:39:53.660
regardless of what what they're doing and so in addition to fighting esg we've also been
00:39:59.300
promoting uh fair access to banking you know long ago there was um discrimination in banking and
00:40:07.340
read what they call redlining where um um african americans were denied access to credit for racist
00:40:14.380
reasons this was a horrible practice well today the discriminatory lending is against conservatives
00:40:21.160
it's uh banks in concert with liberals in government who use the weaponize the banking system to
00:40:27.960
discriminate against um those who are exercising their second amendment rights or the fossil energy
00:40:33.600
industry or as you say you know parents who just want visibility into uh their schools and and so we
00:40:41.000
cannot allow this to happen uh we want to depoliticize finance and this is going to be a major major focus
00:40:47.560
of republicans on the financial services committee when we take the gavels back when we retire nancy
00:40:52.800
pelosi and take back the majority you're you're going to be the the the committee chairperson most
00:40:58.460
likely are you not well i'm in the leadership of the committee and patrick mckenry is our ranking
00:41:03.960
member now okay so he will be the chairman of the full committee and he is on board with uh our our focus
00:41:10.980
on this um and and many of my other colleagues are are really focused on this congressman huizinga who
00:41:16.700
will chair the capital market subcommittee french hill from arkansas brian style from wisconsin
00:41:21.760
and and and we are going to shine a a bright light on this and make sure that investors know
00:41:29.300
that that uh some of these uh some of these uh leaders in finance are not doing right by them
00:41:36.420
as investors the the the job of of a fiduciary an investment advisor the job of the investment advisor
00:41:43.800
is to maximize returns for the investor it is not to pursue a political agenda at the expense
00:41:51.740
yes the investor and that's what we're seeing uh with this political agenda infecting uh the
00:41:58.480
financial markets even some of them are even saying a friend of mine went and talked about esg was asked
00:42:03.840
about esg uh at this uh you know investment seminar thing and the guy said look i mean it's going to
00:42:09.900
cost money uh you're going to probably lose money in the investment first 10 years but it's going to
00:42:14.660
really take off and he's like you're talking to a group of people that most of us have gray hair
00:42:21.280
we're here we're you know 10 years away or five years away from retirement age and you're talking
00:42:28.020
to us about selling to us something that you say is most likely not going to be the best return for
00:42:35.320
the next 10 years and i had to ask you about that that's kind of a problem um a big problem and and
00:42:42.440
consider this also glenn uh the most of these esg funds carry uh much higher fees so the reason why
00:42:52.160
blackrock and some of these other asset managers are are promoting this is because uh they say it
00:42:58.020
takes their skill to put together these environmentally friendly funds and so they charge on average 43%
00:43:05.400
higher than non-esg funds and not only not only that uh they violate the basic test of of investing
00:43:12.180
investing 101 which is diversification they're heavy on tech and they're light on energy and if
00:43:17.720
you you see what happened in the markets in the equity markets over the last eight nine months
00:43:22.320
a huge tech sell-off and energy prices went up so if you were invested in energy you did better
00:43:27.860
well many investors who are unwittingly invested in esg they their losses were much more severe
00:43:34.560
because there was this huge tech sell-off and they didn't have any energy stocks in their portfolio
00:43:39.400
andy i am up against the network break and i've really got to run but can you give me yes or no
00:43:43.420
question are you up to speed on the digital currency and what's going on with all of that
00:43:48.600
yeah the government i'd love to have you back next week to talk about you know digital currency if you
00:43:54.800
if you can i'd love to talk to you about the dangers the dangers of a central bank digital
00:44:00.540
currency and why we need to promote private sector innovation not have the government uh run
00:44:05.500
digital currency thank you so much that's congressman andy barr from kentucky you can follow